🎛️Introduction

Gambling is one of the oldest, yet still relevant usecases for Crypto. Providing anonimity and provably fair odds, platforms like Rollbit and Polymarket have accelerated the popularity of Crypto-powered gambling in recent years. Within the Crypto gambling community, one of the most popular new concepts are virtual racing games, such as Photo Finish, developed by Third Time Entertainment. In these virtual racing games, players can bet on one or more characters to win a randomized game, potentially winning a big payout if their selected player wins. The rules are simple: one bets money ahead of a game, and the 'characters' of the game start racing each other when the bets are closed. If your character wins the race, you get paid out. If your character does not win, you lose your bet.

On the 'Memecoin' side, Election-themed, or 'Politifi' tokens have gained immense popularity ahead of the 2024 US elections. Tokens like MAGA, TRUMP and FIGHT have experienced some of the most notable market cap increases of 2024. MAGARacer combines utility and 'memecoin' concepts and blends the concept of virtual racing games with the momentum of Politifi tokens, creating the first ever Election-themed virtual racing game, in which users can bet on Trump, Vance, Harris or Biden to win a race. This whitepaper details the most important aspects of our v1 gambling platform and our eponymous ERC-20 token. It is important to note that both Crypto and gambling are risky, and users can lose all their money. Do not invest or gamble more than you can afford to lose.